This is how I feel right now. Yesterday, Batnick asked me if I thought Monday’s thrashing might have represented the bottom for the S&P 500. I don’t. I also don’t see this morning’s agreement in Congress as “stimulus.” I see it as a rescue. Stimulus is what you do for a slowing economy. This is…
That’s Senate Majority Leader Mitch McConnell sometime after 1am this morning announcing that there is now a bill that can be signed into law, after a marathon negotiation that went days and days. Treasury keeps the half-billon-dollar “slush fund” but Dems managed to secure oversight via 5-person panel and an Inspector General. The Fed is…
This has literally never happened before.
here are the three times since 1928 that stocks and bonds (as defined by the S&P 500 and 10 year treasuries) both fell during the same year:
Rest in peace Kenny Rogers, gone at 81 years old.
These were the top posts on the site this week, in case you missed it:
Not convinced casino stocks will rally anytime soon: Josh Brown from CNBC.
temperature and latitude may have a direct link to the spread and seasonality of COVID-19
I made a decision. We are not going to participate in this recession. There’s too much work to be done.